Ola Electric Mobility Limited, one of India’s most prominent electric vehicle manufacturers, has made a key regulatory disclosure on June 14, 2025, under Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. In this official filing, the company has authorised two of its top Key Managerial Personnel (KMP) to determine the materiality of events or information and ensure timely disclosures to the stock exchanges, namely BSE Limited (544225) and the National Stock Exchange of India Limited (Symbol: OLAELEC).

The company has designated Mr. Bhavish Aggarwal, the Chairman and Managing Director (CMD), and Mr. Harish Abichandani, the Chief Financial Officer (CFO), as the two authorised personnel to assess whether an event or information is material in nature. Once assessed, they are also responsible for making appropriate public disclosures as per SEBI’s regulatory framework.

This move signifies Ola Electric’s dedication to corporate governance, transparency, and compliance with SEBI’s disclosure obligations. These appointments are not only a regulatory requirement under SEBI Listing Regulations but also an important step in promoting investor confidence and fair communication in the capital market.

According to the official communication filed by the company and signed by CFO Harish Abichandani, the relevant contact details, designation, and responsibilities of the two officials were provided to ensure that all stakeholders are aware of who is accountable for material disclosures.

• Mr. Bhavish Aggarwal will operate from the company’s registered office located at Wing C, Prestige RMZ Startech, Hosur Road, Koramangala, Bengaluru – 560095, Karnataka.

• Mr. Harish Abichandani also operates from the same address and will serve as the point of contact for any material financial disclosures and investor-related queries.

• Both executives can be contacted through the company’s official communication channel at companysecretary@olaelectric.com or via landline at +91 080-35440050.

This announcement has also been made available on the official Ola Electric investor relations portal, ensuring public accessibility in line with regulatory best practices. The Ola Electric key managerial personnel will play a pivotal role in evaluating corporate events such as mergers, acquisitions, strategic partnerships, regulatory notices, or any other developments that might have a material impact on the stock performance, investor sentiment, or corporate direction.

The Ola Electric disclosure officials named in this filing reflect the company’s growing corporate maturity and alignment with capital market norms. As Ola Electric continues its journey as a publicly listed entity, these steps are crucial for reinforcing trust among retail and institutional investors.

The company's adherence to SEBI Regulation 30 update also places it among a growing group of modern Indian corporations that prioritise compliance, governance, and transparency in operations. These disclosures ensure that all material information is disseminated equally to the public, preventing any potential selective disclosure.

In recent months, Ola Electric’s market activity has drawn attention due to its strategic investments in battery innovation, expansion into global markets, and IPO-related buzz. The formal designation of officials to oversee disclosures ensures that all developments—especially those that could significantly affect stock prices or investor decisions—are handled with the utmost diligence.

Furthermore, with Harish Abichandani CFO and Bhavish Aggarwal CMD at the helm of these responsibilities, Ola Electric places accountability in the hands of its most experienced leadership, ensuring that there is no ambiguity in the decision-making chain for material event disclosures. This clarity is essential in the current dynamic EV market landscape, where news and data can significantly sway market behaviour.

The Ola Electric SEBI Regulation 30 update is also a proactive reminder to other listed entities about their obligations under Indian securities laws. Timely and accurate public disclosures ensure investor protection and contribute to the overall integrity of the Indian financial markets.

In the context of growing public interest in green technologies and clean mobility, Ola Electric latest stock exchange news is being closely monitored by analysts, financial institutions, retail investors, and regulatory observers. This disclosure thus plays a dual role—ensuring compliance while also shaping perception and confidence in Ola Electric’s leadership and transparency.

Ola Electric investor update releases like this also align with global standards where companies are expected to notify the public about internal governance structures and responsibility assignments. In high-growth sectors like electric vehicles, where corporate actions and strategic decisions carry market-moving potential, such disclosures are vital for maintaining market stability and integrity.

With this, Ola Electric compliance update is complete, reinforcing its place as a forward-thinking and regulation-abiding firm. The detailed nature of the filing, inclusion of full contact details, and multi-channel accessibility underscore the company's understanding of investor needs and regulatory frameworks.

In conclusion, the official Ola Electric corporate governance move to assign Bhavish Aggarwal and Harish Abichandani as the primary decision-makers for event materiality marks a strategic and compliant step in the company’s growth journey. It not only ensures full alignment with SEBI's expectations but also sends a strong message of openness, responsibility, and professionalism to the market. With this action, Ola Electric continues to solidify its reputation as a reliable, transparent, and proactive entity within India’s evolving mobility and capital market ecosystem.

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